New econ policy just dropped.  Everyone should change their utility function from $$u(x) = \ln x$$ to $$u(x) = \infty$$.  Infinite happiness from a simple change in mindset!


_feeels baaaaaad man._ 

Nah, feels pretty good to me

Have you tried feeling differently, browski?
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denlillaapan

Well the way I think it should enter into the economists' discourse is to moderate their opinions / orthodoxies.  It isn't meant as a green light for them to spout their metaphysical opinions.

Economists should be more like, "Yeah, we have a labor shortage and immigration can help with that, but yeah we can understand why people want to preserve their historical culture."  Or, "Yeah, the market is continually expanding access to a wide variety of goods and services, but yeah the fact that you have to rent everything now and can't afford to own anything feels bad man"

econ

Why America gave up on economists

0xbitcoiner

Well the way I think it should enter into the economists' discourse is to moderate their opinions / orthodoxies.  It isn't meant as a green light for them to spout their metaphysical opinions.

Economists should be more like, "Yeah, we have a labor shortage and immigration can help with that, but yeah we can understand why people want to preserve their historical culture."  Or, "Yeah, the market is continually expanding access to a wide variety of goods and services, but yeah the fact that you have to rent everything now and can't afford to own anything feels bad man"
